Strengthen its equity.
From the spring of 2021, Air France-KLM had warned: the operations carried out in April 2021 - the capital increase of 1 billion euros and the conversion into perpetual hybrid debt of the 3 billion of the loan from the French State - would not be enough. not.
The group would need an additional contribution of fresh money.
He repeated it in mid-December, in a press release: “
Discussions are underway on other measures to strengthen the balance sheet of the Air France-KLM group.
These could include the issuance of equity and quasi-equity instruments.
»
Thursday, the Franco-Dutch air carrier clarified its intentions: it intends to raise an additional 4 billion euros.
Because with negative equity of 3.8 billion, the group is dragging a ball under its feet.
By law, it has until the end of 2023 to bring its equity back into positive territory.
This unbalanced balance sheet with astronomical debts (8.2 billion) also handicaps it...
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